Red Across The Board

I'm Matt Rice with the Market Line Report for December 14th. Commodities taking a hit in both the livestock and grain market. We check in with Gregg Sanders as he goes over the Cattle Feeder Report.

Sanders- "Thank you and good morning everybody, here's the Northwest Feeder Cattle Summary for Washington, Oregon, and Idaho for Dec 11th, 2015. Compared to last Friday, feeder cattle were $2- $10 lower. Trade remains slow to moderate with light to moderate demand. The CME board remains extremely volatile on both the feeder and live cattle contracts. No doubt reflecting in part great confusion on both sides and product prices probe late levels not even imaginable by the biggest bears on the land. "

Chicago December Wheat ended last week dn 1 3/4, at 480 1/2. December corn ended last week dn 4 1/4, at 373 1/4. Portland prices for soft white wheat of ordinary protein for Jan were dn 5, ranging from 4-90 1/2 to 5-34. Hard Red Winter wheat with 11 ½ % protein, prices for Dec. were dn 7 1/4, ranging from 5-62 1/2 to 5-72 1/2. DNS wheat with 14 % protein, prices for Dec. were dn 7 3/4, ranging from 6-32 3/4 to 6-47 3/4. Dec. live cattle closed last week dn 40 cents, at 121.15. Jan. Feeder cattle were dn $1.55, at 151.50. Dec. class III milk was dn 4 cents at 14-56.